SEC Form 4 · accession 0001352027-16-000107
Activision Blizzard, Inc. · ATVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Morhaime
Officer — Pres. & CEO-Blizzard Ent.
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000718877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.000001 per share | Jun 13, 2016 | M | 163,400 | $15.035 | A | 370,065 | D | |
| Common Stock, par value $0.000001 per shareF1 | Jun 13, 2016 | S | 163,400 | $37.7695 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 66,667 | $20.10 | A | 273,332 | D | |
| Common Stock, par value $0.000001 per shareF2 | Jun 14, 2016 | S | 66,667 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 436,600 | $15.035 | A | 643,265 | D | |
| Common Stock, par value $0.000001 per shareF2 | Jun 14, 2016 | S | 436,600 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 133,334 | $17.72 | A | 339,999 | D | |
| Common Stock, par value $0.000001 per shareF2 | Jun 14, 2016 | S | 133,334 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 66,666 | $12.98 | A | 273,331 | D | |
| Common Stock, par value $0.000001 per shareF2 | Jun 14, 2016 | S | 66,666 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 133,333 | $10.66 | A | 339,998 | D | |
| Common Stock, par value $0.000001 per shareF2 | Jun 14, 2016 | S | 133,333 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per share | Jun 14, 2016 | M | 150,000 | $11.88 | A | 356,665 | D | |
| Common Stock, par value $0.000001 per shareF2,F3 | Jun 14, 2016 | S | 150,000 | $38.2171 | D | 206,665 | D | |
| Common Stock, par value $0.000001 per shareF4,F5 | holding | — | — | — | 304,470 | I | See footnote | |
| Common Stock, par value $0.000001 per shareF6 | holding | — | — | — | 22,829 | I | Securites held by Mr. Morhaime's wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF7 | $15.035 | Jun 13, 2016 | M | 163,400 | D | — | Jul 9, 2018 | Common Stock, par value $0.000001 per share | 163,400 | 436,600 | D |
| Employee Stock OptionsF8 | $20.10 | Jun 14, 2016 | M | 66,667 | D | — | Nov 14, 2024 | Common Stock, par value $0.000001 per share | 66,667 | 133,333 | D |
| Employee Stock OptionsF7 | $15.035 | Jun 14, 2016 | M | 436,600 | D | — | Jul 9, 2018 | Common Stock, par value $0.000001 per share | 436,600 | 0 | D |
| Employee Stock OptionsF9 | $17.72 | Jun 14, 2016 | M | 133,334 | D | — | Nov 15, 2023 | Common Stock, par value $0.000001 per share | 133,334 | 66,666 | D |
| Employee Stock OptionsF10 | $12.98 | Jun 14, 2016 | M | 66,666 | D | — | Nov 10, 2021 | Common Stock, par value $0.000001 per share | 66,666 | 0 | D |
| Employee Stock OptionsF11 | $10.66 | Jun 14, 2016 | M | 133,333 | D | — | Nov 9, 2022 | Common Stock, par value $0.000001 per share | 133,333 | 0 | D |
| Employee Stock OptionsF12 | $11.88 | Jun 14, 2016 | M | 150,000 | D | — | Nov 8, 2020 | Common Stock, par value $0.000001 per share | 150,000 | 50,000 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $37.75 to $37.81 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F10These options were fully vested on November 9, 2014.
- F11These options were fully vested on November 8, 2015.
- F12The exercised options were fully vested on December 31, 2015; the remainder vest on December 31, 2016.
- F2The price in Column 4 is a weighted average price. The prices actually received for the stock ranged from $38.00 to $38.56 per share. Mr. Morhaime has provided to the Company and, upon request, will provide any security holder of the Company or the SEC staff with information regarding the number of shares sold at each price within that range.
- F3Following the transactions reported on this Form 4, Mr. Morhaime directly held 206,665 restricted stock units, each representing the right to receive one share of the Company's common stock.
- F4Mr. Morhaime indirectly holds (through the Michael Morhaime Revocable Trust) 304,470 shares of the Company's common stock.
- F5These securities are held by the Michael Morhaime Revocable Trust.
- F6Mr. Morhaime indirectly holds, through his wife, (a) 9,656 shares of the Company's common stock and (b) 13,173 restricted stock units, each representing the right to receive one share of the Company's common stock, 8,038 of which have performance-based vesting.
- F7These options were fully vested on July 9, 2013.
- F8The exercised options vested on November 13, 2015; the remainder vest in equal installments on each of November 13, 2016 and November 13, 2017.
- F9The exercised options were fully vested on November 14, 2015; the remainder vest on November 14, 2016.